Sales surge at TEFAF Maastricht

  • March 22, 2011 12:39

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Wassily Kandinsky's "Entwurf für 'Apokalyptische Reiter II'" sold for just under €1 million at Galerie Thomas's booth.
Galeries Thomas via Bloomberg

This week's rarefied bazaar of art and antiquities at TEFAF in Maastricht is truly an international affair that has proven the upper-end of the market remains strong in many categories, from antiquities to contemporary art. 

Early on, a group of Chinese buyers snapped up Japanese art from Malcolm Fairey, a Russian collector purchased a work by Ghanaian artist El Anatsui (680,000 euros), and a 2,000-year-old Roman marble cinerary urn was sold by Rupert Wace to Mougins Museum of Classical Art in France for a price in the region of 1 million euros.

Old Masters, encompassing several fresh-to-market examples, have enticed buyers. For one, Jack Kilgore offered a newly-identified Rubens portrait of the Roman Emperor Commodus which sold for $1.25 million.

Modern masters have delivered equally exceptional results with notable sales of a Joan Miro sculpture for $5 million (Landau Fine Art) and Wassily Kandinsky's "Study for the Horsemen of the Apocalypse II," a small-scale work of 1914, which went from Galerie Thomas to a European collector for just under €1 million ($1.5 million), according to Bloomberg.

Several French paintings from Waterhouse & Dodd found new homes, including Albert Gleizes's "Juliette a la Toque" from 1921, which sold for €250,000 ($370,000).

Van de Weghe Gallery parted with an untitled 1981 Jean-Michel Basquiat painting to a French collector for $2.5 million.

The fair continues through March 27. Read more about TEFAF sales here.

Read more at Guardian


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